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Politics : Libertarian Discussion Forum
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To: Road Walker who wrote (8421)6/7/2011 12:23:37 PM
From: TimF1 Recommendation  Read Replies (1) of 13056
 
Making products meet certain specs for one raises the quality of the category.

Product specs and regulation are not the same thing. Many specs have nothing to do with regulation, many regulations have nothing to do with product specs. And many regulations that do deal with product specs are not very useful.

If there were not benefits with regulations we wouldn't put them in place.

Of course there are benefits from regulations. Some of them are even broadly beneficial (for example making it illegal to dump highly toxic chemical in to the water supply). For other regulations the main benefits are that they give more power to politicians, that they create the impression that the politician or regulator pushing the regulation is "doing something", and that they appease and/or empower special political interests.

Its not a matter of some bad regulations slipping through the cracks. Its some horrible regulations slipping through, while the majority of regulations are relatively bad. Then the whole mess gets defended by cherry picking examples of the best of regulation (and assuming there is no way of getting any of the benefits other than regulation), and attacking people who want to trim off the bad end, or slash off the worst half, as if they would get rid of any form of government control or restriction even in the best regulations, in the areas where regulation is most useful.

Politicians do the same sort of thing with budget cuts. Power forces for cutting the budget (either directly or through supporting tax cuts in places that have limits on deficits), then the politicians and the interests favoring big government zero in on popular things that will "have to be cut" if the budget is reigned in. We can't cut the pork, no, we'll have to close libraries and fire stations.
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